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 Wednesday, August 13, 2008
Antiques dealer sentenced - again
Posted by Antique Trader Staff

Patricia Jacoby reportedly collected money from investors, promising a 22 percent return on their investment from her buying and selling antiques. The result wasn't a 22 percent increase in funds, but a 100 percent loss of funds.

From WRAL.com: Antiques dealer sentenced to prison in pyramid scheme

Jacoby wept in court as she listened to Buccellato and to letters written by other victims – nine people sent letters to the court describing the impact of the scheme on their lives. She said the episode caused her "untold sadness, remorse and terrible guilt."
So, does she feel "untold sadness" and guilt because of her actions? or because she got caught? again.

For me, the most disturbing detail in the story is that this is the THIRD time she's been convicted of investment fraud.

Now she's facing 10 years in prison. When she gets out, let's not give her our money to "invest." She's going to need to raise $1.6 million to repay investors, but I think she should find it elsewhere ...


Antique News | Antique scams | Antiques | Antiques News
8/13/2008 3:16:08 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]